Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Shares Purchased by Amalgamated Bank

Amalgamated Bank lifted its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating) by 27.0% during the first quarter, Holdings Channel reports. The fund owned 26,303 shares of the energy company’s stock after buying an additional 5,598 shares during the quarter. Amalgamated Bank’s holdings in Cheniere Energy were worth $3,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in Cheniere Energy during the first quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new stake in Cheniere Energy during the first quarter valued at $28,000. Godsey & Gibb Associates acquired a new stake in Cheniere Energy during the first quarter valued at $35,000. HM Payson & Co. grew its position in Cheniere Energy by 56.0% during the first quarter. HM Payson & Co. now owns 312 shares of the energy company’s stock valued at $43,000 after buying an additional 112 shares during the period. Finally, Optimum Investment Advisors acquired a new stake in Cheniere Energy during the first quarter valued at $49,000. Institutional investors and hedge funds own 88.17% of the company’s stock.

Insiders Place Their Bets

In other Cheniere Energy news, SVP Aaron D. Stephenson sold 3,000 shares of Cheniere Energy stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $168.21, for a total transaction of $504,630.00. Following the completion of the sale, the senior vice president now directly owns 56,016 shares in the company, valued at $9,422,451.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Mizuho increased their price objective on shares of Cheniere Energy from $167.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. Barclays increased their price objective on shares of Cheniere Energy from $160.00 to $186.00 and gave the company an “overweight” rating in a report on Tuesday, August 16th. Morgan Stanley increased their price objective on shares of Cheniere Energy from $154.00 to $203.00 in a report on Thursday, September 15th. Stifel Nicolaus increased their price objective on shares of Cheniere Energy from $159.00 to $201.00 and gave the company a “buy” rating in a report on Monday. Finally, Royal Bank of Canada increased their price objective on shares of Cheniere Energy from $184.00 to $199.00 and gave the company an “outperform” rating in a report on Wednesday, September 14th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $175.75.

Cheniere Energy Stock Up 0.4 %

Shares of LNG stock opened at $166.22 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.93 and a debt-to-equity ratio of 24.30. Cheniere Energy, Inc. has a 12 month low of $90.06 and a 12 month high of $178.62. The stock has a market cap of $41.52 billion, a price-to-earnings ratio of -17.97 and a beta of 1.26.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last issued its earnings results on Thursday, August 4th. The energy company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.07. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the previous year, the firm earned ($1.30) earnings per share. Cheniere Energy’s quarterly revenue was up 165.4% compared to the same quarter last year. As a group, equities analysts predict that Cheniere Energy, Inc. will post 10.91 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 16th. Shareholders of record on Tuesday, November 8th will be paid a dividend of $0.395 per share. The ex-dividend date of this dividend is Monday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.33. This represents a $1.58 dividend on an annualized basis and a yield of 0.95%. Cheniere Energy’s payout ratio is -14.27%.

About Cheniere Energy

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Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

See Also

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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